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When Larry Culp stepped into the CEO role at General Electric in 2018, he was the first outsider to lead the iconic company. Founded by Thomas Edison in 1892, GE had morphed over more than a century into a sprawling conglomerate that was struggling under $135 billion in debt.<br/><br/>One of Culp’s predecessors had made a costly acquisition bet, investors had fled, and the company’s market cap had shrunk to $70 billion, down more than half a trillion dollars from August 2000, when it was the most valuable company in the world. Culp turned GE’s board down twice before accepting the CEO job, but ultimately extracted a multimillion-share incentive package linked to GE’s share price. At the time, CNBC’s Jim Cramer said it was “the best performance-oriented contract I’ve ever seen.”<br/><br/>Spoiler alert: It paid off.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/sarahwhitmire/2024/03/31/general-electric-ceo-larry-culp-to-join-small-club-of-billionaire-executives/?sh=7902b57d449b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

CEO Larry Culp's Overhaul Of GE Will Make Him A Billionaire

⏲ 5:18 👁 9.3M

The Fraser Team

Meet Kansas City Electrician, Scott Coons

⏲ 1 minute 8 seconds 👁 19

EMI Music Australia

The New Basement Tapes - Kansas City

⏲ 4 minutes 49 seconds 👁 6.3M

The BMW i4 Highlights

⏲ 2:50 👁 4.5M

Blogger Local

Kansas City Electricians Teague Electric Ryan Bealmear

⏲ 3 minutes 45 seconds 👁 71

Bickimer Electric LLC

Bickimer Electric - Your Number One Kansas City Electrician

⏲ 31 seconds 👁 205

Ford announced it will be delaying production of its all electric large SUV and pickup truck. Instead, the company will focus its efforts on new hybrid options across the North American line up.The Detroit based company said it will continue its investment in electric vehicles as it pushes back production of its T3 pick ups and the new three row EV SUV.

Ford Turns Focus to Hybrid Vehicles

⏲ 0:48 👁 3.5M

Ryan Electric

Ryan Electric - Now Hiring in Kansas City

⏲ 32 seconds 👁 42.7K

Artisan Electrics

HOW TO BECOME AN ELECTRICIAN, THE PATHS YOU CAN TAKE

⏲ 8 minutes 15 seconds 👁 50.3K

During CNBC’s “Last Call,” Wayland stated that while the EV industry is bound for growth, thanks to the sheer number of products in the market, the transition from ICE to electric will not be as smooth as expected. This is because hybrid vehicles have started to gain attention.<br/><br/>“The biggest thing is the EV euphoria, which we’ve written about, it’s dead,” he said.

Is 'EV Euphoria Is Dead'? Experts Say Hybrids Might Be The Future As Ford Shifts Focus

⏲ 0:58 👁 2.6M

Radio Heartland

Kansas City - Marcus Mumford | Live from Here with Chris Thile

⏲ 4 minutes 6 seconds 👁 206.9K

WHAS11

Copper wire thieves have cut the power to hundreds of highway lights in Louisville

⏲ 5 minutes 37 seconds 👁 18.8K

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